GK
INSURANCE AWARENESS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following is the first life insurance company in India?
|
|
LIC
|
|
|
Oriental Insurance
|
|
|
United India Insurance
|
|
|
New India Assurance
|
Explanation:
Detailed explanation-1: -The Oriental Insurance Company Ltd was incorporated at Bombay on 12th September 1947. The Company was a wholly owned subsidiary of the Oriental Government Security Life Assurance Company Ltd and was formed to carry out General Insurance business.
Detailed explanation-2: -1759 Presbyterian Ministers Fund, the first life insurance company in the United States, was founded. 1762 Equitable Life Assurance Society, the world’s oldest mutual life insurer, was formed in England.
There is 1 question to complete.